The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
Great upward movement on Friday. In fact, the best one day increase I've encountered in 4yrs of investing here. Once the Chinese government start to open up their country to the outside world (as well as their own) surely this trust will really start to claw itself back?
Anybody out there?
Blimey, this is a quiet board... think I've just seen tumbleweed blow past! Anyone out there remotely interested in this ETF? Has it got legs in the near term do you think?
Hi Baronbog, yes, I completely agree with you. Very much got my eye on Solway and how & when it'll be fully funded. I read in a previous article they were targeting 2030 as "switching on of the lights" so to speak. Definitely one for ALL RR investors to keep a watchful eye on over the coming weeks & months. I'll try to follow events and will endeavour to keep the board updated as I'm sure others will. For the record, I have not invested here for any SMR opportunity albeit any profits derived and fed back into the share price will always be very gratefully received but because I believe RR is one great British & pioneering engineering business with quite remarkable history behind it. I believe it will rise like a Phoenix and I can all but see the head of it now.
Great news RR have been chosen to Partner Solway for their first Copeland site which is adjacentto Sellafield... let's wait n see how quickly West Cumbria get their first RR SMR off the ground...
https://www.rolls-royce-smr.com/press/rolls-royce-smr-selected-by-developers-bringing-new-nuclear-to-west-cumbria
Interesting. Very interesting...
https://www.newsandstar.co.uk/news/23115717.40-000-jobs-will-created-rolls-royce-smr-development/
Incredibly, The Telegraph are recommending WWH as a buy. Perhaps they feel it's a good trust in a recessionary environment.
Anyone any idea why this stock has tanked more than £1 a pop since September?
Just an opinion but yes, I would consider very relevant. RR currently running at 65% pre-covid levels while airlines are in excess of 80%. China & Ukraine are almost certainly the reasons why RR are not, as yet, up to those levels. Whilst difficult to predict when the Ukraine conflict will end not to mention the Chinese government confident & comfortable with opening the airport gates but the latter is likely to get back to more like normality sooner than the former. It will then take some time (air miles) to produce the much needed profits from it's servicing contracts. You're proberly looking medium term for the turn-around with only an end to the war returning anything like full normality for this very important RR division.